Factors related to money management practices of high school girls PublicDeposited

Descriptions

The major concerns of this study were: (1) the money
management practices of teenage girls and their parents,
(2) parental practices in teaching the use of money, (3)
parental use of money to control behavior, (4) the sources
of the teenage girls' spending money, and (5) the amount
and disposition of the money.
The subjects consisted of fifty-three tenth-grade
girls at Scappoose Union High School and their parents.
Data were gathered by a survey questionnaire.
The general hypotheses tested were:
1. Teenagers' ability to manage money will not vary
with the methods of supplying them with money.
2. Teenagers will receive the same amount of money
from the family's income regardless of the method in which
they receive their spending money from the family.
3. Teenagers will develop better money management
habits if the family engages in planning as a family. 4. Teenagers' ability to manage money will not be
affected by the use of money to reward or punish their
behavior.
5. Teenagers' money management habits will be similar
to their parents.
6. The source of money will not influence the use of money.
From the results of this study several conclusions
may be drawn:
1. That these teenagers' ability to manage money was
not influenced by (a) the method of supplying them with
family money, (b) the parental practices used in teaching
them about money, or (c) the parental use of money to control
behavior.
2. That there was a trend for these teenagers' ability
to manage money to be similar to their parents.
3. That the amount of money which these teenagers
received was related to the method by which they received
family money.
4. That the method by which these teenagers received
family money was related to their use of money.